Applied Digital Corporation [NASDAQ: APLD] stock went on an upward path that rose over 0.26% on Monday, amounting to a one-week price increase of more than 26.97%.
Over the last 12 months, APLD stock rose by 59.58%. The one-year Applied Digital Corporation stock forecast points to a potential upside of 29.23. The average equity rating for APLD stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.58 billion, with 214.51 million shares outstanding and 170.45 million shares in the current float. Compared to the average trading volume of 14.10M shares, APLD stock reached a trading volume of 12257410 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Applied Digital Corporation [APLD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APLD shares is $10.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APLD stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for Applied Digital Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 03, 2023. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on December 22, 2022, representing the official price target for Applied Digital Corporation stock. Previously, the target price had yet another raise to $6, while DA Davidson analysts kept a Buy rating on APLD stock.
The Average True Range (ATR) for Applied Digital Corporation is set at 0.75, with the Price to Sales ratio for APLD stock in the period of the last 12 months amounting to 8.34. The Price to Book ratio for the last quarter was 4.93, with the Price to Cash per share for the same quarter was set at 0.38.
APLD Stock Performance Analysis:
Applied Digital Corporation [APLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.97. With this latest performance, APLD shares gained by 4.12% in over the last four-week period, additionally plugging by 117.82% over the last 6 months – not to mention a rise of 59.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APLD stock in for the last two-week period is set at 52.27, with the RSI for the last a single of trading hit 52.95, and the three-weeks RSI is set at 52.79 for Applied Digital Corporation [APLD]. The present Moving Average for the last 50 days of trading for this stock 7.04, while it was recorded at 7.27 for the last single week of trading, and 5.04 for the last 200 days.
Insight into Applied Digital Corporation Fundamentals:
Applied Digital Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.22 and a Current Ratio set at 0.22.
APLD Stock EPS
With the latest financial reports released by the company, Applied Digital Corporation posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.11. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APLD.
Applied Digital Corporation [APLD] Institutonal Ownership Details
There are presently around $43.21%, or 53.84%% of APLD stock, in the hands of institutional investors. The top three institutional holders of APLD stocks are: HOOD RIVER CAPITAL MANAGEMENT LLC with ownership of 9.6 million shares, which is approximately 7.9029%. OASIS MANAGEMENT CO LTD., holding 7.1 million shares of the stock with an approximate value of $$42.23 million in APLD stocks shares; and OASIS MANAGEMENT CO LTD., currently with $$39.91 million in APLD stock with ownership which is approximately 5.524%.
